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true cost over 5 years
optiplex_2
Posts: 25 Forumite
is this important to consider when choosing a mortgage product?? obviously the lower the better but often there are catches from what i can see.
ALSO we are torn between a low rate (6.24%) but a HLC of £3500 which can be added, or a higher rate (6.54%) with no HLC. Lower rate with HLC is significantly less per month!
I hate the thought of HLC but should I go with it?
ALSO we are torn between a low rate (6.24%) but a HLC of £3500 which can be added, or a higher rate (6.54%) with no HLC. Lower rate with HLC is significantly less per month!
I hate the thought of HLC but should I go with it?
0
Comments
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To get the the cost you should divide the HLC (and any other charges) over the term and add it to the monthly amount then compare the deals.0
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